Year-on-Year and Month-on-Month Growth Rates
of Construction Materials Retail Price Index
| All Items | June 2015 | May 2015 | June 2014 | Year-to-date |
|---|---|---|---|---|
| Year-on-Year | 0.1 | -0.2 | 1.1 | 0.6 |
| Month-on-Month | 0.3 | 0.1 | 0.1 |
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Year-on-Year
The Construction Materials Retail Price Index (CMRPI) in the National Capital Region (NCR) inched up 0.1 percent in June. It dropped by 0.2 percent last month but grew by 1.1 percent in June 2014. Higher annual increases were noted in the following indices: carpentry materials index, 2.5 percent; plumbing materials index, 0.7 percent; and tinsmithry materials index, 0.3 percent. Meanwhile, annual declines were still registered in the indices of electrical materials and miscellaneous construction materials at -1.5 percent and -7.3 percent, respectively. The indices for masonry materials and painting materials and related compounds correspondingly moved at their last month’s rates of 1.6 percent and 2.5 percent.
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Month-on-Month
On a monthly basis, the CMRPI in NCR went up 0.3 percent in June. Last month, it was posted at 0.1 percent.
Higher monthly gains were seen in the following commodity groups: carpentry materials index, 0.3 percent; electrical materials index, 0.7 percent; plumbing materials index, 0.3 percent; and tinsmithry materials index, 0.9 percent. On the other hand, the increment in the index of painting materials and related compounds decelerated to 0.2 percent. Decreases were correspondingly noticed in masonry materials and miscellaneous construction indices at -0.2 percent and -1.0 percent.
Add-ons were noted in the prices of plywood, lawanit, electrical wires and selected wiring devices, sanitary and plumbing fixtures and corrugated GI sheets during the month. Downward price adjustments were however, observed in cement, paints and steel bars.
